Rex Shares and Osprey Funds are set to launch the first U.S. ETF providing direct exposure to Solana with staking rewards. The Rex-Osprey Solana + Staking ETF will hold SOL through a Cayman Islands subsidiary, aiming to stake at least 50% of its holdings to generate yield. This fund will not follow the typical spot ETF regulatory structure but will instead be registered under the Investment Company Act and taxed as a C-corporation. The launch comes as nine spot Solana ETFs are pending approval from the SEC. Analysts predict a high likelihood of these approvals, potentially within the next few months. The introduction of this ETF is strategic, as it aims to precede the expected approval of other Solana spot ETFs. With Solana recently trading at approximately $155, the enthusiasm around its ETF prospects has grown, marking a significant development in the cryptocurrency investment landscape.

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